This week we see the release of some pivotal data from New Zealand, starting on Tuesday, with the GDT Price Index. More importantly, Wednesday sees the release of growth figures, which are expected to be better than last quarter’s as the country has rallied well in the most recent quarter, after recovering somewhat after the stock market crash in China over the summer.
The Swedish central bank, the Riksbank, announces its interest rate decision tomorrow. With inflation continuing to be low, and even though the Swedish interest rate is already in negative territory, the persistency of low inflation could well see the Riksbank cutting the interest rate even further from the -0.35%.
The Canadian economy has its busiest day on Tuesday, with manufacturing sales released, as well as Bank of Canada Governor Stephen S. Poloz due to speak – the latter usually causes market fluctuations as people try to decipher how his words could affect the Canadian economy.
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.